date:Aug 22, 2014
The country, which is responsible for 70 percent of the worlds hazelnuts may produce 30 percent less nuts hazelnuts than expected, Good Food reports
The shortage has caused over a 60 percent spike in price for the nuts this year.
The news is getting Nutella fans worried, since Ferrero buys as much as a quarter of the worlds hazelnuts, and relies heavily on Turkey for supply.
But Nutella is able to somewhat protect itself from market pressures, since it acquired a Turkish hazelnut manufacturer